Wed, Apr 06, 2005
Two Accused Of Lying About Ability To Bring Carrier Out Of
They lied. One tried to bribe an undercover Fed. Both are in
very hot water.
That's the word from the US Attorney's Office in New York's
Southern District about Paul Boghosian and William Spencer. Both
have been indicted on conspiracy charges in connection with their
bid to bring Hawaiian Airlines out of bankruptcy.
Boghosian leads Hawaiian Investment Partners Group, a company he
formed to save Hawaiian Air. Spencer is a trustee at E&M Trust.
The government says both men lied about their ability to bring
Hawaiian Air out of bankruptcy with a $300 million cash
Boghosian is also accused of trying to bribe an undercover FBI
agent posing as a hedge fund manager. The indictment says Boghosian
agreed to pay the agent $500,000 in return for a $2.5 million
There was no immediate comment from the beleaguered airline.
Hawaiian Airlines filed for bankruptcy two years ago. The court
last month accepted a plan designed to return Hawaiian Airlines to
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